False, If a nation is selling more goods and services to foreigners than it is buying from them, and foreign exchange is used by domestic consumers.
It is inaccurate since more foreign currency is available on the local market for domestic consumers to use if a country sells more goods and services to foreigners than it purchases. The foreign exchange market, sometimes known as Forex or FX, is a global marketplace for exchanging one country's currency for another.
The currency market is the biggest and most liquid market in the world, trading trillions of dollars every day. No government body is in charge of it, nor is it centralised.
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